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I like a bargain as much as the next investor. While the FTSE 100 index of leading shares has been going great guns so far this year – it has repeatedly hit new all-time highs – that does not mean all shares within it are doing well.
Here are three FTSE 100 shares that have taken a tumble over the past year.
Diageo
Brewer and distiller Diageo (LSE: DGE) has tumbled 24% over the past year. Ouch!
That is despite replacing its chief executive, a move that was presumably intended in part to assuage investor concerns about the company’s performance.
The long-term demand outlook for alcoholic drinks is uncertain, with younger generations tending to tipple less than their forebears. Meanwhile, Diageo has been battling some specific challenges, including weak sales in Latin America and softer demand for many premium spirits.
Still, the business has very strong brands and…
